Colombia central bank transfers $1.6 billion to government

Country escapes trend of central bank losses

Banco de la Republica
Rachael King

The Central Bank of Colombia approved the transfer of slightly more than $1.6 billion in net profits to the government on February 28.

The board said it had nearly $1.8 billion in total profits from 2022 and earlier years. By law, some of these are allocated to cultural activities, other expenses and the central bank’s own reserves. The rest “is the nation’s”.

The funds will be paid to the treasury in government bonds. The state budget for 2022 was $93 billion.

The central bank’s profits

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.